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GBP USD Technical Analysis October 8, 2018

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GBP USD Technical Analysis October 8, 2018

The GBP rose 0.71% against the USD on Friday and closed at 1.3112. Today in the Europen session while preparing GBP USD technical analysis October 8, 2018 at 10:45 GMT, the GBP/USD is trading at 1.3065, which is 0.35% lowerer against the USD from yesterday’s close.

GBP USD Technical Analysis 8 October 2018

The pair is expected to find support at 1.3036, and a fall through could take it to the next support level of 1.2960 The pair is expected to find its first resistance at 1.3155, and a rise through could take it to the next resistance level of 1.3200. For today the expected trading range is between 1.2960, Support and 1.3155 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.3036 Support 2: 1.2960 Support 3: 1.2917
Resistance Levels: Resistance 1: 1.3155 Resistance 2: 1.3200 Resistance 3: 1.3275

GBP/USD Buying Opportunity for Intraday Trading October 8, 2018

Buy near the support area 1.3036 and 1.2960 as soon as you get reversal candlesticks using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.

GBP/USD Selling Opportunity for Intraday Trading October 8, 2018

Sell near the resistance area 1.3155 and 1.3200 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

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